News & Analysis as of

Deep Fake Cyber Attacks Artificial Intelligence

Cozen O'Connor

NYDFS Issues Guidance on Cybersecurity Risks Arising from Artificial Intelligence

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On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an Industry Letter that discusses the cybersecurity risks associated with the use of artificial intelligence (AI) and outlines strategies to...more

ArentFox Schiff

DFS Issues Circular Letter Addressing Cybersecurity Risks Related to AI

ArentFox Schiff on

On October 16, the New York Department of Financial Services (DFS) issued a circular letter addressing cybersecurity risks related to the increasing use of artificial intelligence (AI) in relation to insurers, insurance...more

Alston & Bird

AI vs. AI: Recent Developments in the Cyber Landscape

Alston & Bird on

The ubiquity of artificial intelligence (AI) has heightened companies’ exposure to cyberattacks of increasingly greater sophistication. Our Privacy, Cyber & Data Strategy Team explores how businesses can enhance their...more

Davis Wright Tremaine LLP

California Legislature Sends Bills Regulating AI to the Governor

Last week, the California Legislature passed several bills that, if signed by the governor, will regulate how organizations develop, train, and use artificial intelligence (AI) models, systems, and applications. Of these...more

Dorsey & Whitney LLP

The New Face of Fraud: Deepfakes and the Emerging Cyber Threats in Hong Kong

Dorsey & Whitney LLP on

Almost from the very beginning of the internet era, the world has been increasingly afflicted with cyberfraud, exploiting the internet’s potential to enable fraudsters to induce unsuspecting victims to transfer money to...more

Guidepost Solutions LLC

Defending Your Law Firm Against Cyber Threats

In an increasingly digitized world, law firms are prime targets for sophisticated cyber threats that can result in substantial financial losses and reputational damage. Recently, a prominent law firm, esteemed for its...more

Woodruff Sawyer

Deepfakes and the Use of AI in Cyberattacks

Woodruff Sawyer on

The headlines about a $25 million wire transfer fraud employing deepfake technology have rightfully given chief financial officers and finance departments considerable pause. The attack began with a phishing email delivered...more

Fisher Phillips

Deepfake Scammers Steal $25 Million From Company: 5 Ways You Can Avoid Being Victim to Latest AI Nightmare

Fisher Phillips on

A group of scammers recently used deepfake technology – now readily available to just about anyone – to trick a finance employee into paying them over $25 million of corporate funds. This might be one of the world’s biggest...more

Epiq

Ready For Some More Holiday Cheer? Check Out Epiq Angle’s Top Blogs From This Year!

Epiq on

The end of the year always brings opportunity to reflect. Keeping with tradition, we analyzed the traffic to our 2023 blog posts to see what piqued our readers interest the most. What we found was a focus on innovation for...more

Goodwin

Generative AI and Financial Services: A Recent View From the UK Regulator

Goodwin on

In a recent speech, Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), set out the FCA’s latest views on the role of artificial intelligence (AI) in financial services. The speech highlights many benefits but also...more

Womble Bond Dickinson

Easy Hacking Tools Facilitate Bad Behavior

Womble Bond Dickinson on

A few years ago, if you wanted to wreak havoc online, you needed some skill. You needed to understand coding and how to break into other computers.  You needed to develop attack bots and probe for vulnerabilities....more

Fisher Phillips

The Reality Of Non-Reality: Deepfakes And The Workplace

Fisher Phillips on

It’s Monday morning. Your employee receives a phone call from the Chief Revenue Officer (CRO) asking them to immediately wire funds to an off-shore bank account. That phone call is followed by an email and a text message from...more

King & Spalding

Deepfakes, Artificial Intelligence, and Corporate Espionage

King & Spalding on

This is the third alert in our series on the risks to corporations, including financial services firms, posed by “deepfakes”—a type of technology, powered by artificial intelligence and machine learning, that can be used to...more

King & Spalding

AI Driven "Deepfakes" Expose Holes in Corporate Compliance Programs: The Road to Recovery

King & Spalding on

Artificial intelligence (“AI”) has made astounding advancements in recent years. Driven by incredible computing power, AI has the potential to change nearly every industry. AI is touted as having the potential to reduce...more

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